Green benefits of the $700 billion bailout plan

Whether you think the government spending $700 billion to bailout financial institutions is a good concept or a poor concept, there are some nice little green perks as part of the bill that you may not have heard about.

• The Bicycle Commuter Act will give a $20 per month tax credit to employers of bicycling commuters to go towards adding infrastructure items like bike racks and lockers rooms. Hopefully some companies will use that to energize two-wheeled commuting.
• The transportation and
  domestic fuel protection provision will supply tax credits for owners of electric cars. that one has a limited moment frame and will be applied in full to the first 250,000 electric cars purchased in the US and in reduced amounts after that.
• Production and investment tax credits for renewable energy were extended. that means you can get some tax credits for installing things like solar and wind ability at your home or business.

[Via US News]

[Source] Christina Clark

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